Australia has one of the world's fastest-moving electricity systems. It leads the world in rooftop solar, has deployed grid-scale batteries at extraordinary speed, and is now starting to replace its ageing coal fleet with cleaner sources of energy. But as renewable costs rise and electricity demand grows, can the transition remain affordable while maintaining a reliable power system?
This week on Cleaning Up, Michael Liebreich is joined by Paul Simshauser, CEO of Iberdrola Australia, and one of Australia's leading energy economists. Drawing on decades of experience across electricity markets, networks and policy, Paul explains what makes Australia's power system unique, and what the rest of the world can learn from it.
They discuss why rooftop solar has become so successful in Australia, how batteries are transforming electricity markets, and how the country's energy-only market encourages investment. They also explore the economics of replacing ageing coal plants, the costs of new renewable generation, the role of electricity pricing and demand tariffs, and what will be needed to build a resilient, affordable power system as Australia moves towards net zero.
Topics discussed in this episode:
The rooftop solar revolution
How batteries are reshaping the grid
Why solar is cheaper in Australia than elsewhere
The challenges of retiring coal
Whether renewables can stay affordable
Building a resilient power system
Watch the full episode on YouTube now, or find it on your favourite podcast platform.
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